Latest update: October, 2016
Last Updated: October, 2016
Telangana State Report | October, 2016
Telangana, the 29th state of India, was formed in June 2014, with Hyderabad as its capital. The state was formed as a result of the split of erstwhile Andhra Pradesh state. The state is land locked by (new) Andhra Pradesh to the south and east, Maharashtra and Karnataka to the west, and Odisha and Chhattisgarh to the north.
Telangana's gross state domestic product (GSDP) expanded at a compound annual growth rate (CAGR) of 14.49 per cent to US$ 89.1billion between 2004-05 and 2015-16. At a CAGR of 19.08 per cent, services has been the fastest growing sector among agriculture, industry and services from 2004-05 to 2015-16. During 2015-16, services sector accounted for 61.9 per cent share in the overall GSDP. As of April 2016, the total installed power capacity of Telangana state was 11,568.76 MW.
The capital city of Hyderabad (also the capital for earlier larger Andhra Pradesh state) is a hub for information technology (IT) and pharmaceutical sectors. During 2015-16, export of IT products of Telangana was US$ 10.42 billion. Leading IT companies like Facebook, Google, IBM and Microsoft hold significant presence in Hyderabad.
Hyderabad also accounts for approximately 20 per cent of India's total pharma exports. The state government plans to set up a pharma city and promote public private partnership to develop the state's pharma sector.
The central government recently announced formation of an Information Technology Investment Region (ITIR) near Hyderabad. With the establishment of the ITIR, the government plans to generate 1.5 million direct and 5.3 million indirect jobs in the IT sector in the next five years.
According to the Department of Industrial Policy & Promotion (DIPP), cumulative FDI inflows in Telangana from April 2000 to March 2016, totalled US$ 11.57 billion.
Last Updated: October 31, 2016